AEG Says Offset Is in Big Time Debt

Offset might get his house snatched

Offset should consider himself lucky that he nabbed someone as successful as Cardi B, because he could be in some serious financial trouble in the near future. According to Bossip the rapper owes a ton of money to the events company AEG Presents, and the company wants Offset to know they plan to collect in whatever way they can.

The gossip website says that AEG has filed papers that show it has a claim on his property, his future income, his bank accounts and all of his trademarks, should he default on the loan they apparently gave him.

Bossip says they don’t know how or why Offset secured the loan from AEG, but notes that it could have been an advance on tour earnings that the rapper has yet to repay.

If Offset is stressed about the news, he’s not showing it. A quick glance at his social media finds the rapper celebrating the new compilation album by their label Quality Control and shouting out his mother.

Source: Instagram @OffsetYRN

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Source: Instagram @iamcardib

Of course, the Migos are likely to have two successful albums in rapid succession as they were just featured on Control The Streets Vol. 1, claim to be working on a follow-up to their massive album Culture, and just shared a new single called “Stir Fry” today (Dec. 20). Maybe some of those proceeds will make their way back to AEG before they start talking about coming for the rapper’s house.

Of course, if it does come down to it, Offset has more than a few options. We’re sure the two-tone Rolls Royce that Cardi B bought him for his 26th birthday would fetch a pretty penny if Offset felt the need to sell it. And with many networks fighting over the rights to broadcast Offset and Cardi’s wedding in a manner similar to Gucci Mane’s earlier this year, Offset definitely has a few revenue streams he could exploit to keep his assets safe.

“Offset and Cardi B just got engaged. On God, if they don’t have a tv special for the wedding and call it ‘Never Let Migo,’ Ima be pissed,” Twitter user @hlalalamsaveni tweeted.

BET took that idea seriously. The television network replied to the tweet, saying, “@iamcardib @offsetyrn – #WeGotYou when you ready!”

What Do You Think?

Source: Instagram @offsetyrn

All we know is Offset needs to get his house in order. After all, he has three kids to think about. Offset recently revealed that he has a third child after Justine Watson filed documents asking for child support for her son Jordon Watson, Offset admitted that he was the child’s father and filed for joint custody.

“He wants to get shared custody of his oldest son and she supports him 100 percent. Cardi has a huge heart and she’s ready to give love to Offset’s kids and be a stepmom,” an anonymous source told HollywoodLife at the time. “Cardi is all about family, and now that she and Offset are family, his kids are her family too.”

What do you think? Is Offset in trouble? Sound off in the comments and be sure to SHAREth is article.

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